The NoCo Herald

Larimer and Weld counties, Colorado

Clear, 68° in Johnstown at 11:40 AM. Forecast high 74, low 45.

Johnstown

$500,000 water-rights deal adopted

·Johnstown·Weld County·Larimer County

From the Johnstown Town Council meeting of

The agreement provides for Johnstown to buy one share in The Consolidated Home Supply Ditch and Reservoir Company from Gillam Development Corporation for $500,000, with Gillam conveying the associated water and water rights at closing. Johnstown would have 10 business days after receiving a Stock Trace to investigate it and obtain required approvals, and could terminate the agreement during that period. If the sale proceeds, the town would pay in certified funds at closing, and the $375,000 owed to SouthState Bank, N.A., must be satisfied on or before closing.

Adopted with the consent agenda (carried).

More from this meeting

  1. Johnstown Town Council, Oct. 19, 2026

    Johnstown council fails to approve proposed 8-mill property tax cut, 3-3; 5 consent items adopted.

  2. Item 7Johnstown council fails to approve proposed 8-mill property tax cut

    The proposal would phase in the permanent reductions over four years, affecting unrestricted general operating mills while leaving the library levy untouched. Any General Fund gap would have to be addressed through other revenue or spending changes.